Business

  Kampala, Uganda | THE INDEPENDENT | Ugandan kickboxing great Moses Golola’s dream of establishing a talent academy has got a boost, after the Rockboom brand ambassador was rewarded with a new bungalow, that has training facilities adjacent to it. The fully furnished three bedroom bungalow is situated at Katooke-Lugoba in …

Seoul, South Korea  | Xinhua | Lee Kun-hee, chairman of South Korea’s technological giant Samsung Electronics, died at the age of 78 in Seoul on Sunday, according to a statement released by Samsung. Lee transformed Samsung into a world-leading innovator and industrial powerhouse from a local business, the statement said. It …

Kampala, Uganda |  THE INDEPENDENT |  The Uganda Revenue Authority- URA has commissioned a study to gauge the impact of tax exemptions on the economy. The study will influence policy changes in the next financial year. Government provides tax exemptions especially in areas of Agriculture, manufacturing, construction, information and communication technology , …

Kampala, Uganda |  THE INDEPENDENT | Uganda is seeking to host the East Africa Community Bureau of Statistics. In November 2018, the East African Legislative Assembly-EALA passed the EAC Statistics Bureau Bill, 2017. The Bill among others seeks to establish a statistics bureau for the community as one of the key …

Fort Portal, Uganda |  THE INDEPENDENT | Hariss International Limited, the manufactureers of Riham Beverages and foods in Uganda, is under fire over a spelling error on their billboard in Fort Portal Tourism City. The billboard, which has been erected along Lugard Road, was aimed at welcoming visitors to the tourism …

Kampala, Uganda |  THE INDEPENDENT | A group of Boda Boda Riders from different parts of Kampala have been camping at Wandegeya Police station now for two weeks with some of them spending nights. Some claim police officers are protecting criminals who defrauded them.  For some of them whom we talked to, …

Kampala, Uganda |  THE INDEPENDENT |  The Central Bank has noted that the easing of the Covid-19 lockdown has led to economic growth recovery.  In its latest monetary policy statement, the BOU says the easing of the lockdown, the stability of the exchange rate, as well as a feeble improvement in …

Kampala, Uganda |  THE INDEPENDENT |  Uganda’s aviation industry is slowly picking up as countries open airspaces, according to airline operators and travel agents.  They, however, say that the situation in Uganda is a reflection on the aviation industry globally. Entebbe Airport used to handle more than 120 flights a day, …

NEWS ANALYSIS |  THE INDEPENDENT |  Uganda is expected to get USD 14.6 million (about sh55 billion) as capital gains tax on the sale of oil and gas interests in Uganda by Tullow Oil to French multinational oil and gas company TOTAL SE.  The long-drawn-out process of Tullow Oil exiting Uganda …

Kalangala, Uganda |  THE INDEPENDENT |  The government has obtained a 32 billion shillings loan to construct a seven-kilometre power submarine cable connecting Kalangala district (Ssese islands) to the mainland at Masaka. The sh32 billion loan has been secured from African Development Bank to construct the first power submarine cable and connect …